Details.

Education: B.Tech from Tier 2
Years of Experience: 8
Prior Experience: Reputed MNC
Previous CTC - 21LPA
Company: Microsoft
Title/Level: SE2, Level 62
Location: Bangalore, India
Base: Rs. 28.5 Lacs
Signing Bonus: None
Stock bonus: 32 USD/4 years
Bonus: Performance-based bonus up to 20% of base salary / year
Total comp (Salary + Bonus + Stock): ~ Rs. 40.12 Lacs (considering average 20% performance bonus)
Benefits: Standard.

I feel I am seriously lowballed I do not know why? :( . What do you guys feel? I was not looking for a job right now, just because it was MS, I opted for an interview and I am north Indian guy based in Chennai and want to relocate to bangalore. They said they will relocate me. I tried to negotiate they did not budge.

Thanks.