Balancing allowance and Tax entry

Dear sir,

1. We make the following entry at financial year end:
Dr. Income tax expense
Cr. Deferred tax payable
Cr. Current tax payable

2. We make the following entry for Capital allowance for tax purposes at financial year end:
Dr. Capital allowance
Cr. Accumulated capital allowance

3. If there is Balancing allowance on disposal of an asset, then the entry will be:
Dr. Accumulated capital allowance
Dr. Balancing allowance
Cr. Asset
Cr. Cash

Please check and let me know if I need any correction.

Thanks,