HRA exemption on Director salary

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Accountant
50 Points Posted on 11 June 2021
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?
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On 11 June 2021 at 16:41 Report
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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.

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CMA
13117 Points Posted on 11 June 2021
Yes, HRA exemption can be claimed as per section 10(13A).
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On 11 June 2021 at 17:01
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Chartered Accountant
24588 Points Posted on 11 June 2021
Yes HRA exemption can be claimed u/s 10
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On 11 June 2021 at 17:35
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Learner
2398 Points Posted on 11 June 2021

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

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On 11 June 2021 at 19:10

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