Education: Btech from Tier-3 Govt College

Previous Experience: 2 YoE from Service-Product based Service

Previous CTC: 8.7 LPA

Offer Details:

Fixed Components: 14 LPA
Joining Bonus-1 LPA
Retention Bonus- 2 LPA(divided into 2 years)

Total Compensation 17.1
Yearly Compensation 16.05 LPA

Is this lowballed offer or Companies paying acc to previous ctc