The absorption/gain induced self tapering and uptapering of a self guided Gaussian laser beam when the beam propagates in a saturable nonlinear medium has been discussed. Using the WKBJ and abberationless paraxial ray approximation a beam width equation has been derived. Conditions for tapering/uptapering for both cases i.e., for absorption and gain have been discussed. The beam width of tapered/uptapered beam depends on the rate of absorption/gain, and the length of absorption/gain region along the beam propagation direction. The importance of the present study is pointed out.