granting immunity vs exemption

granting immunity and exemption both are nouns.

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

As nouns, granting immunity and exemption are synonyms defined as:

Other synonyms of granting immunity include immunity.

granting immunity (noun)	exemption (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.)
	immunity from an obligation or duty