exemption vs immunity

exemption and immunity both are nouns.

Word	Noun	Adjective	Verb	Adverb
exemption	Yes	No	No	No
immunity	Yes	No	No	No

As nouns, exemption and immunity are synonyms defined as:

Other synonyms of exemption include granting immunity.

As nouns, immunity is a hypernym of exemption; that is, immunity is a word with a broader meaning than exemption:

Other hypernyms of exemption include unsusceptibility.

exemption (noun)	immunity (noun)
an act exempting someone	an act exempting someone
a deduction allowed to a taxpayer because of his status (having certain dependents or being blind or being over 65 etc.)	the quality of being unaffected by something
immunity from an obligation or duty	the state of not being susceptible
	(medicine) the condition in which an organism can resist disease