Apart from Redsn0w 0.9.6 RC9, PwnageTool 4.3 has also been released which allows you to cook custom IPSW firmware which are in turn jailbroken on iOS 4.3.1, and that too untethered.

PwnageTool-4.3-4

Keep in mind that PwnageTool 4.3 is a pure Mac application, for those looking to jailbreak their iOS device untethered on Windows, please use Redsn0w 0.9.6 RC9. You can check out the complete guide posted at RedmondPie on how to jailbreak iOS 4.3.1 using PwnageTool 4.3.

Download PwnageTool 4.3 For Mac from this link.

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