Bhakta Tukaram, a prominent Marathi saint and poet, was a contemporary of the Mughal Emperor Jahangir, hence option 3 is the correct answer. Let`s look at all options for a better understanding -

Option 1, Babar: Babar was the founder of the Mughal Empire in India, ruling from 1526 to 1530. This was before Bhakta Tukaram`s time.

Option 2, Akbar: Akbar ruled the Mughal Empire from 1556 to 1605. He was known for his policy of religious tolerance. However, Bhakta Tukaram was born in the late 16th century, making him a little later than Akbar.

Option 4, Aurangzeb: Aurangzeb ruled the Mughal Empire from 1658 to 1707. By this time, Bhakta Tukaram had already passed away.

Therefore, the contemporariness of Bhakta Tukaram aligns with the reign of Mughal emperor Jahangir who ruled from 1605 to 1627. Hence, the correct answer is Jahangir.