Hokersar wetland suffers highly due by nutrient inputs from the catchment area, internal wetland processes and various types of anthropogenic pressures around. To characterize nutrient dynamics of the wetland, nitrogen (N) and phosphorus (P) samples were collected from six study sites in the Queen wetland of Kashmir Himalaya for a period of one year from Sep. 2012 to Aug. 2013. Clear spatial and temporal variations were observed among the recorded parameters (ammonical nitrogen, nitrate nitrogen, total orthophosphate phosphorus and total phosphorus) throughout the year. Ammonical nitrogen concentration was found to be maximum in winter (242.3±10.1 µg/L). Lower nitrate nitrogen was observed in summer, recording 259.6±35.3 µg/L. Both the forms of phosphorus registered higher values in summer and lower values in winter. Scatter plot showed highly significant values among all the parameters (R²=0.748 and 0.719). Principal component analysis showed highest principle component vector displacement among the sites IV and VI reflecting polluted nature of the sites. Further, higher Eigen-vector displacement values were due to ammonical nitrogen and nitrate nitrogen, registering values 3.36724 and 0.542639 respectively. Similarity matrix was highest between total phosphorus and ammonical nitrogen (92.9666%), followed by ammonical nitrogen and nitrate nitrogen making 58.5729%.