What is bsr code in income tax challan

BSR (Basic Statistical Return) code is a unique seven-digit numeric code assigned by the Reserve Bank of India (RBI) to every registered bank branch. In an income tax challan, it serves as a critical identifier to track tax payments.

• The first three digits identify the specific bank, while the remaining four digits represent the branch.
• It is a key component of the Challan Identification Number (CIN), used by the Income Tax Department to link payments to the correct taxpayer.
• The code is essential for filing TDS/TCS returns and verifying tax credits.