Job Offer Dilemma: Can I Negotiate a Higher Salary with My New Employer After a Counteroffer?

Hi, I work for an MNC. Recently, I got a job opportunity in another MNC with a nice hike on my current CTC. During the notice period, I received a hike letter from my current company, offering a 20% increase on my current CTC. Now, can I ask the new employer to increase my CTC and provide me with the revised salary offer again?

Before answering this question, may I know what your intention is?

1. When your current company has given you a good hike of 20%, why do you want to switch your job?

2. Many companies hold employees' salary, incentives, and benefits during the notice period, but in this scenario, your current company paid you a hike.

3. Your current company has given you a hike, yet you want to negotiate with the company that offered you a job. This kind of thinking reflects on your personality, and they may terminate your offer letter.