Bigger India
NRI Money Transfers to India Are Tax-free, if Not Being Invested
NRIs must convert all their resident bank accounts to non-resident (ordinary) , or NRO, or non-resident external, or NRE, bank accounts.
Also, any interest income earned from a bank account (except interest from NRE account which is tax-free) shall be included in the income tax return of the first holder of the account. An NRI must file tax return in India, if income from India exceeds Rs2.5 lakh in a financial year.