difference

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(Querist)
16 July 2011 what is the difference between deduction and exemption?
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
16 July 2011 deduction for expenses exemption for income.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
16 July 2011 1.Deduction -- an action of taking away an amount from the total.
2.Exemption -- permitted exclusion of certain amount for certain persons or exclusively under specified situations.
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Mukesh Kumar Singh

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Mukesh Kumar Singh (Querist)
12 June 2012 thnk you both of you sir.
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