Running SSIS package with script component on SQL Server 2016 gives error Component Mismatch Exception

I have SSIS project deployed on SQL Sever 2016, the project has a package that uses script component, the package runs with no errors locally on VS 2017 but when deployed gives error.

Solutions that I tried

1)Changed the target version to SQL Server 2016 in SSIS project

2)Change the .NET runtime on script component to 4.6

,still no luck .Any help would be appreciated

error report-

Data Flow Task 1:Error: Microsoft.SqlServer.Dts.Pipeline.ComponentVersionMismatchException: The version of Script Component is not compatible with this version of the DataFlow.  [[The version or pipeline version or both for the specified component is higher than the current version.  This package was probably created on a new version of DTS or the component than is installed on the current PC.]]
   at Microsoft.SqlServer.Dts.Pipeline.ManagedComponentHost.HostCheckAndPerformUpgrade(IDTSManagedComponentWrapper100 wrapper, Int32 lPipelineVersion)

Data Flow Task 1:Error: The component metadata for "Script Component" could not be upgraded to the newer version of the component. The PerformUpgrade method failed.