I want to when the user changes the theme in outlook so how to instantly change color of the task pane and window elements textbox, label etc.
The Outlook object model doesn't provide anything for that.
You can read the current Office theme in the following windows registry key:
HKEY_CURRENT_USER\Software\Microsoft\Office\15.0\Common\Theme
where 15.0 stands for Office 2013 and means the Office version.
The values are:
Blue: 1
Silver: 2
Black: 3
Also Office applications send the WM_MSO_BROADCASTCHANGE
message to their top level windows when the current theme is changed. You can register a window for receiving such message using the RegisterWindowMessage function provided by Windows API. See WM_MSO_BROADCASTCHANGE value for more information.