Holi, known as the ‘festival of colors’ is celebrated on the full moon day falling in the month of Phalguna (Feb-Mar). Various colors and water are thrown on each other, amidst loud music, drums etc to celebrate Holi. Like many other festivals in India, Holi also signifies a victory of good over evil. As per ancient mythology, there is a legend of King Hiranyakashipu with who Holi is associated.