In plain words
Body, breath, senses, intellect, or the blank where these subside: deluded disputants take one of these to be the Self, like women, children, the blind and fools. That great bewilderment grows from ignorance, and he destroys it. Homage to that Dakshinamurti, the Guru whose knowledge nothing obstructs. Tamil explanatory prose: Body, life-breath, senses, intellect, and the void in which these subside: deluded disputants take these very things for themselves, understanding as women, children, the blind and the dull understand. Salutation to that Dakshinamurti, the Guru of knowledge free of delusion, who removes the great delusion born of not knowing the truth.
Word for word
Deluded disputants, likened to women, children, the blind and fools, take body, vital breath, senses, intellect or a void to be the Self. He dispels that great delusion arising from ignorance. Homage to that Dakshinamurti, the Guru free from obstruction to knowledge.