Jorgen’s taxable income for 2010-11 is Rs. 5, 00,000. The tax rates are (i) nil for first 1,50,000, (ii) 10% for 1,50,001-3,00,000, and (iii) 20% for the remaining. His
Tax liability is

A

Rs. 45,000

B

Rs. 50,000

C

Rs. 55,000

D

Rs. 60,000.