satyam priya-hitam ca yat
van-mayam tapa ucyate
Word for word:
anudvega-karam — not agitating; vakyam — words; satyam — truthful; priya — dear; hitam — beneﬁcial; ca — also; yat — which; svadhyaya — of Vedic study; abhyasanam — practice; ca — also; eva — certainly; vak-mayam — of the voice; tapah — austerity; ucyate — is said to be.
Translation by His Divine Grace A. C. Bhaktivedanta Swami Srila Prabhupada:
Austerity of speech consists in speaking words that are truthful, pleasing, beneﬁcial, and not agitating to others, and also in regularly reciting Vedic literature.
Purport by His Divine Grace A. C. Bhaktivedanta Swami Srila Prabhupada:
One should not speak in such a way as to agitate the minds of others. Of course, when a teacher speaks, he can speak the truth for the instruction of his students, but such a teacher should not speak to those who are not his students if he will agitate their minds. This is penance as far as talking is concerned. Besides that, one should not talk nonsense. The process of speaking in spiritual circles is to say something upheld by the scriptures. One should at once quote from scriptural authority to back up what he is saying. At the same time, such talk should be very pleasurable to the ear. By such discussions, one may derive the highest beneﬁt and elevate human society. There is a limitless stock of Vedic literature, and one should study this. This is called penance of speech.