Tamzhing Lhakhang is remarkable for its direct connection to the Bhutanese tertön or treasure reveler and saint, Pema Lingpa (1450-1521) and his incarnations.The monastery is headed by the Venerable Lhalung Sungtrul Rinpoche who is considered to be the 11th direct reincarnation of Terton Pema Lingpa. The monastery has very ancient religious paintings of 1,000 Buddhas and 21 Taras (female form of Buddhistava). The temple was restored at the end of the 19th century.

The Tamzhing Phala Choepa festival is held at the Tamzhing monastery in Bumthang. The Tamzhing monastery follows the Peling tradition established by Terton Pema Lingpa.