I am working for Indian outsourcing organization for 5 years. I got frustrated with the recent situations faced with the management and also not happy with the assignments that I got. Hence, I decided to leave the organization and searched for other opportunities. I got a better opportunity and the new employer is very keen to appoint me. I have initiated resignation process. I have discussed with my current manager about reasons for resignation and got the tentative release dates. Meanwhile I have accepted and confirmed my joining dates to the new employer. However my current organisation come up with counter offer which is better than the offer offered by new employer and the current assignments also inline with my expectations. Now how can I politely and professionally reject the offer from the new employer without any hard feelings and without burning bridges?
Research that I have done
I have found that the post How to decline a job offer in writing and followed that. My situation is not very simple as described in the above post.