What is bsr code in income tax

A BSR (Basic Statistical Return) code is a unique seven-digit numerical code assigned by the Reserve Bank of India to every registered bank branch. In the context of income tax, it is primarily used to track and identify the specific branch where tax was deposited. It is a critical component of the Challan Identification Number (CIN) used for:

• Filing TDS and TCS returns accurately
• Identifying the collecting branch on tax challans and certificates
• Ensuring tax payments are correctly credited to the taxpayer's PAN