HRA exemption on Director salary

Query: An executive director in a company getting monthly salary of RS.2 lakhs. He is also has personal business income. He staying in rented house. Is he eligible to claim HRA deduction from salary income u/s 24?
Replies (3)
Quick Summary
An executive director receiving a salary and personal business income can claim House Rent Allowance (HRA) exemption on their salary income. This exemption is available under Section 10(13A) of the Income Tax Act, not Section 24. Eligibility typically depends on fulfilling specific conditions related to rent paid and salary structure.

Yes, HRA exemption can be claimed as per section 10(13A).
Yes HRA exemption can be claimed u/s 10

Yes but HRA Exemption sec is not Sec 24 but it is 10(13A)

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