What are the edge cases where a counteroffer from your current employer is the better option?

PwC US ADVISORY
Line of Service: Advisory
Industry: Management Consulting
Designation: Senior Associate
I have second round of interview tmrw and have few queries as below-
1) I have current offer of 12 CTC from other company so now how much can I ask in pwc? My current experience is 5yrs.
I am on notice period and in present company I got recent hike and my salary is now 9.5ctc.
2) generally how many rounds of interview will be there?

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Hello Fishes,
I'm working as an Associate Product Manager with a total of 5 years experience in Engineering, Consulting and Product.
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