Srinivas, first of all, can I safely assume that this is for a GC method? Also, is this for a drug product? There's a number of different approaches you can take, but I can tell you what I have been able to do for some drug products.
If both of these assumptions are true, then I would not try to calculate LOD and LOQ based on a statistical analysis of the calibration curve. I tend to save that for methods like UV assays that don't have noise you can measure as conveniently. Instead I would use the signal to noise approach, allowed by the ICH guidelines and very suitable for chromatographic data.
I would use your chromatography software to obtain a measurement of the signal to noise ratio (s/n) using peak to peak noise (easy to do if you're using Empower, and I've also done this analysis in ChemStation and Galaxie, but it was not as pleasant) based on a noise measurement close to the peak of interest.
What I would do first is make up a low standard, inject it a few times, and use it to get estimates of the s/n as per the formulas:
LOQ = 10 x Conc. Std. / signal-to-noise
LOD = 3 x Conc. Std. / signal-to-noise
Then I would make standards at close to these values, maybe a little higher, and call them my targets for LOQ and LOD. I would inject each at least six times and declare these concentrations my nominal LOQ and LOD if the measured average s/n were NMT 10 and NMT 3 respectively, and for LOQ at least, the %RSD NMT 10%.
Hope that gives you some useful ideas, anyway.
Stephen