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Suppose Mr Khan is running a proprietorship firm in name of STAR EXPORTS
For both,Single ITR to be filed (as proprietorship is same as INDIVIDUAL)
ITR will be in name of Mr Khan which will contain his different incomes (including Income from Star Exports)
Also,there will not be separate PAN No in name of STAR EXPORTS

Slab Rate Applicable for individuals

UPTO 250000 0
250001-500000 10%*(INCOME-250000)
500000-1000000 20%*(INCOME-500000)+25000
>1000000 30%*(INCOME-1000000)+125000


There is Rebate of 2000 also if income is between 250000-500000

Now this Rebate increased to 5000

  1. Practical Income Tax
  2. Income Tax for Small Business
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CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 8 years. He provides courses for Practical Accounts, Taxation and Efiling at teachoo.com .