Education: BTech from Tier 1
Years of Experience: ~ 5 months
Prior Experience: Samsung R&D
Current CTC - 10 LPA (Fixed) + 2 LPA (Variable)
Date of the Offer: 27 May 2021
Company: Gupshup
Title/Level: Software Development Engineer
Location: Mumbai
Salary: 13,00,000 Fixed
Signing Bonus: 1,00,000 Joining Bonus
Stock bonus: 450 RSU (25% Each year for 4 years)
Performance Bonus: 1,30,000 (10% Of Basic)
Total comp : 13,00,000 Fixed + 1,00,000 Joining Bonus + 1,30,000 Performance + 450 RSU
Benefits: Standard

Need Advice :
I want your help guys , Is this a Decent Hike in my Current CTC to Switch or Should i look for more Salary for an SDE 1 Role and 5 months of work-Ex?

if yes should i tell HR that I have competing Offer in hand(I don't) so i would be willing to join if they Offered 15lpa Fixed ??
Please guys i want your help . It would be great if you could give any suggestion