Exemption

Difference Between Exemption and Deduction
Tax exemption – Exemptions are applied at each head of income to get the taxable amount of that particular head. Tax deduction – Deductions are applie...
Difference Between Deduction and Exemption
Tax deduction – Deductions are applied to your gross total income. Tax exemption – It consists of those items which are not taxable. Tax deduction – D...