Rang Panchami is a festival celebrated 5 days after Holi, that's Phalgun Krushnapaksh Panchami, so called Panchami.

Holi Krishna: It is celebrated on the fifth day (Panchami) of the dark fortnight of the Hindu lunar month of Phalgun by throwing a red, fragrant powder (gulal) and splashing colored water, etc. on others.