Economics · Income Tax - Perquisites

An employer has provided an employee with a 1.8-litre (c.c.) engine capacity car, which is used for both official and private purposes. All expenses, including the driver's salary, are borne by the employer. The actual expenditure incurred by the employer during the previous year was Rs. 60,000, and the employer recovered Rs. 1,000 per month from the employee for this facility. What amount shall be reduced from the actual expenditure to determine the taxable value of the perquisite?