Education: Bachelor's from Tier-3
Years of Experience: 2 years 9 months
Prior Experience: Product based company
Date of the Offer: Feb 2022
Company: Paypal
Title/Level: SDE 2
Location: India
Salary: INR 22,00,000 (Base)
Variable Bonus: INR 2,20,000
Meal card and Gratuity: 60,000+
Signing Bonus: -
Stock bonus: 11,000$ - 3 years
Total comp (Salary + Bonus + Stock+meal): ~ INR 27,00,000 first year

Current ctc : 15LPA

I have a counter offer for nearly INR 28,00,000 first year.
Is this a fair offer?
Paypalians, is it possible to negotiate for joining bonus or relocation bonus?