Tips to age-wise tax planning

​23-30
Generally, the professional start the right time of the carrier phase  in the future. The investment should have a long term is to start the save and investing for retirement. You can start as early in the power of compounding.
31-36
Take the advantage  of tax savings other than investments. The contribution is to provident fund by self and employer, which required to cover a life insurance for self and family form in the major portion of 80C.
36-45
The non – investment tax savings will play a major role in tax planning. The repayment of an existing home loan, self contribution and employer to PF, life insurance, Children tuition fees, more than account of 1 lakh under the section of 80C. The interest repayment of home loan under section 24B and health insurance premium for the section 80D.
46-60
The peak earning phase of the professional could try to pay an existing debt and channelize income towards saving for retirement.
60+
After the retirement, the capital protection should be the motto of the investments in the debt. Retired employees were looking for a timely pay out can consider in senior citizen schemes.