Hi kumasan, I don’t see anything that would allow you to do it. The 5500 series is a layer 2 switch with limited layer 3 features. 
Hello,I really would like to know wether I can associate VLANs based on subnets on the 5500 series, as with our setup, multiple subnets can come in from the same port on portbased VLAN is thus not a choice. Unfortunatly I didn't find any information at all and also the CLI commands from newer switches as "vlan associate vlan" are not mentioned in the 5500 cli guide, so yes, I already doubt it is possible, but at least to leave information behind for google I would appreciate a definite answer. Thanks in advance
ip subnet based VLAN on powerconnect 5524 5548