This tutorial is about the steps required to change the time zone of your Microsoft Account such as Outlook.com. Outlook.in, Hotmail etc..
Step 1: Login in to your Microsoft Account and click the Settings icon available at the top right hand corner.
Step 2: From the Settings menu, select More mail settings option.
Step 3: In the Options screen, click Account details (password, addresses, time zone) link under Managing your account section.
Step 4: Now click the Personal Info option available under Overview section.
Step 5: Scroll down the Personal Info section and use the Country and and Time zone option to specify the time zone of your choice. You have also got the option to set time zone in GMT.