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Data from payscale.com shows that the ASP.Net developer salaries in India are higher on average than PHP developer salaries. The ASP.Net developer annual salaries range from 104K to 709K rupees, while PHP developers make in the range of 72K to 412K rupees annually. So while the PHP position being offered you pays more your current ASP.Net job, it appears ASP.Net developers generally get paid more than PHP developers.
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All that being said, the fact that you feel your skills aren't developing in your current job should be a concern. A developer's ability to keep his or her skills current and sharp probably is the most important factor in determining how much they eventually make. Even if you don't take the PHP offer, make sure you don't stagnate.