Jaane Bhi Do Yaaro is a comedy drama that revolves around two photographers, Sudhir (Ravi Baswani) and Vinod (Naseeruddin Shah) who work for a newspaper that focuses on exposing the scandalous activities carried out by the rich and those in power. While working on one of the assignment the two accidentally take the pictures of a murder committed by wealthy and powerful builder. The pictures can turn the entire life of the builder, and the two photographers can make a huge sum of money by blackmailing the builder. The question remains, what will the two men choose?