। ॥ ४६ ॥
In plain words
When Ātman and Brahman are seen free of their two Upādhis, their limiting conditions, Jñāna concerns what Tvam, “you,” points to, while Vijñāna rests in Tat-pada, what “That” points to.
Close to the Sanskrit
Ātman and Brahman, rightly freed from their two Upādhis: Jñāna has the meaning of Tvam, “you,” as its object; Vijñāna rests on Tat-pada, the word “That.”