Vijay,
As per screenshot, the expected input is yyyy/MM/dd - so it shall be 4 digit year, 2 digit month and 2 digit day separated by '/'. Then, instead of passing 03/31/2016, you shall pass 2016/03/31. Other way around, if you need to pass 03/31/2016, you shall adopt input date format to MM/dd/yyyy.
Regards,
Vadim