PLEASE calculate the taxable income

Your Taxable Salary is Rs. 109417. 

In this way it is calculated.

Gross Salary                                             Rs. 168499/-

Less:  Conveyance Allowance              Rs. 9600

Less. HRA                                                 Rs. 28555

Net Salary                                                  Rs. 120833

Less: Deductions u/s 80C                     Rs. 11416

Taxable Salary                                          Rs. 109417

We have assumed that he pays Rs. 5000 PM as rent and the HRA benefit has given accordingly.

We have assumed that there is no additional income. 

i agree with sumit and his assumptions.