The instruction to jailbreak the iPhone 3GS on iOs 5.0 firmware using Redsn0w for Windows are mentioned below. This method will upgrade baseband by ruining your choices for unlock. This jailbreak is tethered which in other words mean that it will require your computer to connect with the device whenever you reboot it.
First step:
Make a folder named as “Pwnage” on the desktop. Download redsn0w and place it in there. Extract this zip file here.
Second Step:
Connect iPhone and launch iTunes.
Select your iPhone from the left now press Shift with restore button.

Navigate Pwnage folder and select 5.0 firmware ipsw. Now click choose.

iTunes will now update your iPhone to the new firmware.
Step Three
Launch the redsn0w application from the redsn0w folder we extracted earlier.
Fourth Step:
When redsn0w will open then click n jailbreak.
Plug iPhone in the computer and turn it off. Click on Next.
Now you will be guided about the entrance in DFU mode.

Hold both Home and Power button for about 10 seconds.

Release Power button without releasing Home button until RedSn0w detects your device.

Seventh Step:
iPhone will now be rebooted.
Jailbreak data will now be prepared.
Tenth Step:
Device will again be rebooted.

Eleventh Step:
Redsn0w is done now and your device is jailbroken.

BOOT TETHERED
After jailbreaking rerun redsn0w to boot tethered.
Step One
From RedSn0w menu click on Extras button.
Select just boot to boot tethered.
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