Incursion of the Indian Monsoon flow onto the Qinghai–Tibetan Plateau is an important regional moisture-delivery mechanism, but the causes of intra-seasonal and longer-term variations are poorly understood. We observed a clear intra-seasonal cycle in the oxygen isotope composition (δ18O) of Smith fir (Abies forrestii var. georgei) growing at two different altitudes (high-elevation site: 29°39′N, 94°42′E, 4200 m a.s.l.; low-elevation site: 29°39′N, 94°43′E, 3800 m a.s.l.) on a SE-facing slope in the Sygera Mountains, southeastern Qinghai–Tibetan Plateau. Mechanistic modeling suggests that δ18O of precipitation, which in turn depends on relative humidity and precipitation amount, is important in controlling the intra-seasonal tree-ring isotopic cycle, and we speculate that the same controls also operate on interannual and longer time scales. If so, multi-century δ18O records with intra-seasonal resolution may enable us to infer long-term variations in the incursion of the Indian Monsoon onto the Qinghai–Tibetan Plateau.