If the angle θ between the axes of polarization of the two polarizers, is 0°, i.e., the polarization axes of the two polarizers are parallel, the intensity of emergent light is maximum. If θ = 90°, i.e., the polarization axes of the two polarizers are perpendicular, no light emerges from the second polarizer, thus the intensity of emergent light is minimum.
[Note: θ = 0° and 90° are known as parallel and cross settings of the two polarizers.]