As per the Indian Income Tax Act, a gift from a relative is generally exempt from income tax, regardless of the amount. For this purpose, a "relative" is defined to include a parent, child, sibling, and spouse, among others.
As your son is relative to you and your wife , there is no gift tax in your's and your wife's hand whether you receive gift in dollors or rupees.And Gifts received by HUF from members is exempt from tax. Remember that such gifts should be backed up by gift deed.
Finder.com is an independent comparison platform and

We may receive payment from our affiliates for featured placement of their products or services.

List out the steps of action required.
Remitly is one of the cheapest and most popular international money transfer services for sending money to India. They offer fee-free transfer options, plus exchange rates that sometimes match the actual mid-market exchange rate. You can choose from four delivery methods: bank transfers, cash pick-up, mobile wallet, or cash delivery. With in-person pick-up locations across India, Remitly is a reliable service for transfers from the US to India. Take a look at our guide to transferring money to India with Remitly here to learn more.

Western Union has different fees for nearly every country it sends to, and we've seen fees range from as low as $3.50 up to $100 or more. These fees depend on how you are paying for the transfer and how the transfer will be collected. Agent location fees aren't typically posted online, but Western Union's online fees are based on: