what is difference between deduction and exemption.
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Deduction
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deduction incone is included in income, and then relevant section gives deduction
and exemption in not included in GTI
You can get details here
https://keydifferences.com/difference-between-deduction-and-exemption.H T M L
just you can use the H T M L as small letter
Exemption :- For claiming exemption you need to spend some amount. There are certain exemptions like HRA, conveyance e.t.c.
Deduction :- For claiming deduction you need to spend some amount.
Exemption :- For claiming exemption you need to spend some amount. There are certain exemptions like HRA, conveyance e.t.c.
Deduction :- For claiming deduction you need to spend some amount.
deduction is w.r.t. something i.e. chargeable to tax while expections are something that are chargeable but otherwise exempt by some other section(s)/provision/notification.
Exempt income income is not chargeable to tax but deduction is allowed for expenditure relating to taxable Income
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