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What are some way to transfer money from Hong Kong to India on a monthly basis? 
Western Union, Money to India, Remit to India are some of the services that specilize in remittance and would be cheaper than an International Wire.   There is not tax for transfering your own money earner outside India into India.  Edit: The business of Remittance is bought into the Service Tax Net by Govt. It is seen that Banks are offering this as a service and hence the tax to Banks which is passed on to customers. 0.12% of tax on the converted amount. IE if you transfer Rs 1,00,000/- you would need to pay a tax of Rs 120/-. Above Rs 1,00,000 the incremental rate is 0.06%