Hi,
Whoever next visit this thread need to follow the below steps in the sequence.
1.First Add the Source System Type as OLEDB Agent.
2.Go to Configure and Select the Provider as" Microsoft Jet 4.0 OLEDB Provider".Click Next.
3.In ALL tab give the Extended Properties as"Excel 8.0; HDR=YES".
4.In connection tab point the .xsl Excel File and give the username and test the connection.
5.In Advance tab Select the Read/Write option
This is same as Partheeban said, but in different sequence because you can't select excel file without extending the properties.
BR,
Rakesh