I am using hotmail account on my pc. But now i can use my email account on phone. But it show server setting error. Can any one resolve my problem....

There are two possibilities
1. Isp might be blocking some ports
2. You might have entered incorrect server settings.
For some of the emails while operating you would require special outgoing server provider by your isp.

As far as i can understand the problem has something to do with the connection to the server. Have you tried reinstalling or updating the app?

Thanks For Your valuable posting, it was very informative.