Android Tethering / Portable Wi-Fi Hotspot

Please follow these steps to create a wifi-hotspot on Android device.

Open Settings
Under Wireless & networks press More...

Press Tethering & portable hotspot

Press Portable Wi-Fi hotspot

Press Set up Wi-Fi hotspot

Enter Network SSID
Choose Security
Enter Password
Press Save

Now turn on the Portable Wi-Fi hotspot by dragging slide bar to the right

Now on PC/Laptop/Other Device, select network(Network SSID) from the list of Wi-Fi connections available
Click connect and enter the password