(1) Im(g∘f)=g(Imf)⊆g(F)=Img.
(2) Equality ⇐. Assume Imf+kerg=F and let w∈Img, say w=g(y). Write y=yf+k with yf∈Imf and k∈kerg. Then w=g(yf)+g(k)=g(yf)∈g(Imf).
Equality ⇒. Assume g(Imf)=g(F) and let y∈F. Then g(y)=g(yf) for some yf∈Imf, so k:=y−yf∈kerg and y=yf+k∈Imf+kerg.
Surjective f. If Imf=F, then Imf+kerg=F, so Im(g∘f)=Img.
(3) Counterexample. Take f:R→R, f=0, and g=idR (which is both injective and surjective). Then Im(g∘f)={0}=R=Img. Here Imf+kerg={0}=R, as predicted by (2).
Conclusion. In general Im(g∘f)⊆Img, with equality exactly when Imf+kerg=F (in particular when f is surjective), and not merely when g is surjective or injective.