California Estimated Tax Payment Form 2024. Estimated tax is the tax you expect to owe for the current tax year after subtracting: Select this quarterly payment type when you do not have tax withheld or not enough tax withheld from wages or income as you earn it (form 540.

You may have to pay estimated tax if you receive income such as dividends, interest, capital gains, rents, and royalties. Estimated tax is used to pay not only income tax but.