Education: B.E in Anna University
Years of Experience: 8.5
Prior Experience: SDE 3 in Paypal
Date of the Offer: March, 2022
Company: Microsoft
Title/Level: SDE 2 (Level 62)
Location: Bangalore
Salary: 38.7 Base
Signing Bonus: 10L (6 on joining +4 on completion of 1 year)
Stock bonus: 100k vested in 4 years
Bonus: 0-20% of Base salary, based on performance. (10% will be given for meeting expectations)
Total comp : (38.7 + 3.8(considering 10% for variable) + 10(signing bonus) + 19(25k vested for 1st year) ) = 72L
Benefits: standard MS benefits
Other details:

Im currently getting the below comp.
Total comp : (35.8 + 3.5(considering 10% for variable) + 20.6(27k worth stocks will be vested this yr including refreshers) ) = 59.9L

Is it worth accepting the offer or should i negotiate more? Please share your thoughts.