We can use case statement Like this
select Name,EmailId,gender=case
when gender='M' then 'F'
when gender='F' then 'M'
end
from [dbo].[Employees]
WE can also it as follow.
select Name,EmailId,case gender
when 'M' then 'F'
when 'F' then 'M'
end
from [dbo].[Employees]