Education: BTech in CSE Tier-2 College
Years of Experience: 5
Prior Experience: 3 YOE in Amazon
Date of the Offer: 1st May 2020
Company: Microsoft
Title/Level: L-62
Location: Hyderabad, India
Salary: INR 34LPA
Relocation: NA
Signing Bonus: INR 4L (1st Year) + 4L (2nd Year)
Stock bonus: $65k vested over 4 years
Bonus: Performance-based bonus up to 20% of salary every year
Total comp (Salary + Bonus + Stock): ~50L INR
Other details: Tried negotiated once, was communicated that max offer was provided. Was given a week to accept or decline the offer.

Declined offer since it is almost equal to existing pay.