Yes, lots of meanings here!
"To hit someone" means simply to strike them.
"To hit on someone" means to flirt (thanks Leo).
"To do a hit on someone" means to kill them (ie. Jura's hitman).
"To hit a bank/store" means to rob it.
To say "I'd hit that" about someone means you'd like to have sex with them (Thanks Amy - this was the meaning I thought Ayu was asking about). Yes I think this meaning is a bit crass also.
"To hit someone up (for something)" is a slangy way of asking someone for something. Eg. "I can hit my brother up for some money" (=I can ask my brother to give me some money).
To ask for the money before doing a job, you could say "hit me" and put your hand out. This is also slang, be careful in case you're understood literally! O_@
I think Ramesh is thinking of "to get knocked up" as a slang expression for getting pregnant. Not really related to hitting. "I got knocked up by my last boyfriend." Or, "I accidentally knocked her up" (=I accidentally got her pregnant.) Again, don't use this phrase in polite situations, it simply makes the speaker sound a bit dumb.