Accounting entry for income tax

Dear Colleagues,

I would like to pass an accounting entry for creation of provision for income tax as on 31-03-208 based on the below data :

1. Income Tax (computed) before TDS = Rs. 100,000

2. MAT Payable (computed) before TDS = Rs. 150,000

3. TDS Receivable = Rs. 20,000

4. Interest u/s 234A/B/C = Rs. 1,000

As per my view, the accounting entry should go like this:

Debit : MAT Credit Entitlement A/c ...Rs. 50,000

Debit : Income Tax Expense A/c ...Rs. 100,000

Debit : Interest Expense A/c ...Rs. 1,000

Credit : TDS Receivable A/c ... Rs. 20,000

Credit : Provision for Taxation A/c ... Rs. 131,000

Kindly correct if I am wrong somewhere.

Thanks and Regards,

Dhrunil Bhatt