Offer Details:

College: Tier 1 collge

Previous Company: product based
Previous Salary: 31 LPA

Years of Experience: 7 years
Offer Date: February, 2025
Company: American Express
Location: Hybrid
Base Salary: INR 42,00,000
Perfomance bonus: 4,00,000

Total: (Base Salary + Perfomance bonus): 46 LPA

HR is asked my preference salary, so I told I would need 47 LPA.
Now I got the offer letter.

I feel that I am quite a lowball to them, any suggestions please