E-PAYMENT OF DIRECT TAXES 

There are Two Modes of Payment of Direct Taxes -

1. Physical Mode

Payment by furnishing the hard copy of the BSR Challan at the designated Bank.

"AND" 

2. E-Payment Mode

Making Payment by using the Electronic Mode via internet banking, or E-Portal of I-Tax of India (www.incometaxindia.gov.in).

In Navision and Business Central, we are using 1st Method.

Note: Basic Statistical Return Code (BSR Code) is a seven-digit code given by the Reserve Bank of India (RBI) to all the Registered Banks in India. 

The first 3 digits out of the 7 represent the Bank whereas the remaining 4 digits represent the Branch. 

The Code can be used for filing TDS and TCS returns. 

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Thanks,

Madhavi Pandey.

Sr. Functional Consultant | Support Consultant | Freelancer | YouTuber | Blogger 

Founder Madhavi Freelance Consultancy [MFC]

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