Who can use PlanMyTax.ai?

PlanMyTax.ai is designed for salaried employees, freelancers, business owners, and financial professionals who want to plan their taxes efficiently and minimize tax liability.

How does PlanMyTax.ai work?

PlanMyTax.ai analyzes your income, deductions, and investments to provide personalized tax-saving recommendations. It also offers real-time tax calculations and filing assistance.

Can it compare tax regimes?

Yes! PlanMyTax.ai compares both regimes based on your income and deductions to help you choose the one that maximizes your savings.

Do I need to Register or SignUp to use PlanMyTax.ai?

Yes! PlanMyTax.ai requires users to Login to access its full range of features and personalized recommendations. This allows us to store your data securely and provide personalized tax planning.

Does PlanMyTax.ai calculate my total taxable income, including capital gains from stocks and mutual funds?

Yes! PlanMyTax.ai includes all income sources, including salary, business income, and capital gains from stocks and mutual funds, to calculate your total taxable income accurately.

How do I contact support if I have issues?

You can reach our support team via email contactus@planmytax.ai. We’re here to help with any tax-related questions.

PlanMyTax.ai

This Privacy Policy describes the policies and procedures of 1 Finance Private Limited ("we," "our," or "us") regarding the collection, use, and disclosure of your information when you use the PlanMyTax (“PMT”), accessible via planmytax.ai and related digital applications (collectively, the "Platform"), and explains your privacy rights and how the law protects you. This Privacy Policy shall be read in conjunction with and forms an integral part of the Terms of Use governing your access to and use of the Platform.

By registering on the Platform and providing your consent through the consent mechanism made available, you agree to the collection and use of information in accordance with this Privacy Policy. This Policy is published in accordance with the Information Technology Act, 2000, the rules framed thereunder, and the Digital Personal Data Protection Act, 2023 and its related rules.

We use your personal data to provide and improve the services offered through the Platform.

1. Interpretation and Definitions

Account: A unique account created for you to access our service or parts of our service.
Company (referred to as either "the Company", "We", "Us" or "Our" in this Agreement) refers to 1 Finance Private Limited.
Platform: Refers to the Plan my Tax website and mobile application, accessible from planmytax.ai and related mobile apps.
Service: Refers to all the services provided by us through the Platform.
Usage Data: Refers to data collected automatically, either generated by the use of the service or from the service infrastructure itself (for example, the duration of a page visit).
You: Means the person accessing or using the service. Under the DPDP Act, you are referred to as the Data Principal.

2. Status Under Applicable Law

For the purposes of the Digital Personal Data Protection Act, 2023 (“DPDP Act”), 1 Finance Private Limited act as a Data Fiduciary in respect of the personal data collected through the Platform. Users whose personal data is processed are Data Principals.

3. Information we collect about you

In line with the principle of data minimisation, we collect and process only such personal data as is necessary for the specific purposes described in this Privacy Policy. This may include:

3.1 Information You Provide to Us:

Account Registration: When you register, we collect personal identification details such as your name, address, contact information, email address, phone number, date of birth, gender, and password.
Tax-Related Information: To provide tax filing and related services, we collect your Permanent Account Number (PAN), Aadhaar number, where voluntarily provided and processed strictly in accordance with applicable law, bank account details, MICR Code, income and deductions data, expense data, asset and liability particulars, vouchers, bank statements, Form 16, Form 26AS, tax payment challans, tax profit and loss statements, crypto trade statements, Director Identification Number (DIN), and any other information necessary for preparing and filing your tax return.
Communications: If you contact us, we may retain records of correspondence, emails, or details of conversations through Whatsapp or otherwise.
Newsletter: If you subscribe, we collect your email address.

3.2 Information We Collect Automatically:

Usage Data: When you visit the Platform, we collect details of your visits, including your Internet Protocol (IP) address, domain name, browser type and version, operating system, traffic data, location data, web logs, and other communication data.
Cookies and Tracking Technologies: We use cookies and similar technologies to track activity on our service and hold certain information to improve and analyse our service. You can instruct your browser to refuse all cookies or to indicate when a cookie is being sent.

3.3 Information from Third Parties:

With your authorization, we may retrieve your information from third-party providers, to automate data entry and provide our services more efficiently.

4. Lawful Basis of Processing and how we use your Information

In addition to the purposes stated in this Privacy Policy, your personal data is processed on the following lawful grounds:

Your consent provided at the time of registration or service usage;
For performance of services requested by you;
For compliance with applicable legal and regulatory obligations;
For legitimate uses as permitted under the DPDP Act, including fraud prevention, enforcement of legal rights, regulatory reporting, and protection of our systems.

We use your personal information for the following specific purposes:

4.1 To Provide and Manage Our Services:

To create and manage your account.
To prepare, file, and manage your income tax returns.

4.2 To Improve and Personalize Your Experience:

To customize and enhance our services and communications.
To analyse usage trends and preferences to improve our Platform and develop new products and services.
For training and quality assurance purposes to ensure high standards of service.

4.3 To Communicate with You:

To send you service-related notifications, including updates, changes to our policies, and confirmations.
To respond to your inquiries and requests.
To send you marketing communications about our products, services, and offers that may be of interest to you, via email, SMS, WhatsApp or phone. You may opt out of these communications at any time.

4.4 For Security, Legal, and Compliance Purposes:

To protect our network and information systems from potential threats and vulnerabilities.
To prevent online fraud, cybercrime, and any other prohibited or illegal activity.
To recover any outstanding payments due to us.
To comply with applicable laws, court orders, and other legal or regulatory obligations in India.
To defend or assert legal claims.

5. Sharing Your Personal Information

We are committed to maintaining your trust, and we do not sell or rent your personal information to third parties for their own marketing purposes. We may share your information in the following circumstances:

5.1 Within the 1 Finance Group:

We may share your information with our affiliates, including but not limited to group companies, for purposes consistent with this Privacy Policy and to provide you with a comprehensive range of services.

5.2 With Service Providers and Strategic Partners:

We may share your information with third-party service providers who perform business functions on our behalf. This includes:

Payment Gateways and Banks: To process payments and create automated financial profiles.
Tax Departments: To access your tax information and facilitate the electronic filing of your returns.
Data Storage and Processing Partners: To securely host and process your data.
Other Ancillary Service Providers: For services such as customer support, email communication, and fraud prevention.

These third parties are contractually bound to use your personal information only as necessary to provide the services to us and to protect your data.

5.3 For Legal and Regulatory Reasons:

We may disclose your information to government authorities, law enforcement agencies, courts, or regulators when required by law or in response to a valid legal request. This includes disclosures to the Income Tax Department as part of our role as an authorized ERI.

5.4 In Case of Business Transfer:

If we are involved in a merger, acquisition, or sale of all or a portion of our assets, your information may be transferred as part of that transaction. We will notify you of any such change in ownership or control of your personal information.

6. Data Security

We take the security of your personal information seriously. We have implemented appropriate technical and organizational security measures designed to protect your data from accidental loss and from unauthorized access, use, alteration, or disclosure.

Encryption: All information transmitted on our Platform is encrypted using Secure Socket Layer (SSL) technology.
Access Controls: Access to your personal information is restricted to employees, contractors, and agents who need that access to operate, develop, or improve our business.
Industry Standards: We maintain physical, electronic, and procedural safeguards that comply with the Information Technology Act, 2000 and its rules. While we strive to use commercially acceptable means to protect your personal information, no method of transmission over the Internet or method of electronic storage is 100% secure.
Personal Data Breach: In the event of a personal data breach, we shall take reasonable remedial measures and notify the Data Protection Board of India and affected Data Principals, where required under applicable law.

7. Data Retention and Erasure

We may retain your personal information in order to maintain backup records, enable you to access your previously submitted tax information when you return to the Platform, and assist you with filing future income tax returns. Retaining such information allows us to provide continuity of services and facilitate faster processing in subsequent years.

Where you request deletion of your personal data, we will take reasonable steps to delete or anonymise such data, unless retention is required under applicable law or is necessary for the resolution of disputes or enforcement of our legal rights.

8. Your Rights as a Data Principal

You have certain rights regarding the personal information we hold about you, in accordance with applicable law. In addition to the rights already described in this Privacy Policy, Data Principals have the right to:

Access: Obtain a summary of personal data being processed. You can request a copy by visiting the "My Dashboard" section or by contacting us.
Correction: Request correction of any inaccurate or incomplete personal data.
Erasure: Request erasure of personal data. You may choose to delete your account at any time.
Withdrawal of Consent: Where processing is based on consent, you have the right to withdraw your consent at any time. Withdrawal of consent will not affect the lawfulness of processing based on consent before its withdrawal, but it may affect our ability to continue providing certain services.
Nomination: Nominate another individual to exercise rights under the DPDP Act in the event of your death or incapacity.
Grievance Redressal: Lodge a grievance regarding the processing of personal data with our Grievance Officer.
Opt-out of Marketing: Opt out of receiving marketing communications from us by following the unsubscribe instructions in those communications or by contacting us.

To exercise any of these rights, please contact us at the email address provided below.

9. Cookies and Tracking Technologies

We use cookies and similar tracking technologies to track activity on our service and store certain information. Cookies are files with a small amount of data which may include an anonymous unique identifier. We use cookies to:

Enable certain functions of the service.
Provide analytics and understand how you use the service.
Store your preferences.

You can instruct your browser to refuse all cookies or to indicate when a cookie is being sent. However, if you do not accept cookies, you may not be able to use some portions of our service.

10. Links to Other Websites

Our service may contain links to other websites that are not operated by us. If you click on a third-party link, you will be directed to that third party's site. We strongly advise you to review the Privacy Policy of every site you visit. We have no control over and assume no responsibility for the content, privacy policies, or practices of any third-party sites or services.

11. Changes to this Privacy Policy

We may update our Privacy Policy from time to time. We will notify you of any changes by posting the new Privacy Policy on this page and updating the "Last Updated" date at the top. You are advised to review this Privacy Policy periodically for any changes. Changes to this Privacy Policy are effective when they are posted on this page. Your continued use of the Platform after any changes indicates your acceptance of the updated Policy.

12. Contact Us & Grievance Officer

If you have any questions about this Privacy Policy, our data practices, or to exercise your rights, you can contact us. In accordance with the Information Technology Act, 2000 and the DPDP Act, the name and contact details of our Grievance Officer are provided below. Grievances regarding the processing of personal data may be raised with the Grievance Officer.

Email: contactus@planmytax.ai
Address: Unit No. 1101 & 1102, 11th Floor, B – Wing, Lotus Corporate Park, Goregaon (E), Mumbai-400063.

We will endeavour to acknowledge and resolve your grievance within the timelines prescribed by law.

13. Conflict Clause

In the event of any inconsistency between this Addendum and any other provision of the Privacy Policy, the provisions relating to the DPDP Act shall prevail to the extent of such inconsistency.

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