Meaning ofexemptionin English

Noun

1. a state of being immune (from rules, etc.); privilege
   The company received an exemption from the new regulations.
2. a reduction in tax amount (or other payment)
   The government offered an exemption on property tax for low-income families.
3. an act of freeing from obligation; release
   The student was granted an exemption from the final exam due to illness.