According to his affidavit filed before the Election Commission, Bhutia earned close to Rs 35 lakh in 2014-15 financial year.
The Sikkimese player is contesting from Siliguri city in north Bengal and taking on veteran Marxist leader Ashok Bhattacharya, also the mayor of Siliguri Municipal Corporation.
He owns movable assets worth over Rs 3.88 crore including an Audi car, jewellery, bank balance and investments.
He is also a shareholder in United Sikkim Football Club of Rs 6.22 lakh.
The former captain of Indian football team had in 2014 Lok Sabha polls unsuccessfully contested on a TMC ticket from Darjeeling.