Education: Bachelor's from Tier-3
Years of Experience: ~5.5
Previous Salary: INR ~11L ( + INR 90K variable) = INR ~12L LPA
Prior Experience: One Service Based, One Product Based
Date of the Offer: July 2021
Company: PayPal
Title/Level: SDE 3
Location: India
Salary: INR 28LPA (Base)
Variable Bonus: INR 2.8L
Meal card and Gratuity: INR 81K+
Signing Bonus: INR 1,00,000
Stock bonus: 40K$ - 3 years
Total comp (Salary + Bonus + Stock+meal & Gratuity): INR 42L first year

Had a counter offer from VMware.

I have accepted this PayPal offer for final. I have also attached my counter offer and will appreciate thoughts from you guys as well over which one is better choice to join not just in terms of compensation but other factors as well.