Classification of Karma

The theory of karma....

Here is a layman's answer to the question by a layman... One of my friend had the question about the present life and its equations to prarabdha... whatever I read, I wrote... but nevertheless, appended few references, which I believe are authoritative.

As per my limited knowledge, karmas are divided into three divisions - Sanchit, Prarbdha, Kriyaman Karma. You are referring to the Kriyaman (Agami) karma. Sanchit is like a BANK of karmas done in lot of Janmas we have gone through... so its a repository. Out of that we debit some amount for our upcoming jnama - this is known as Prarabdha(example like we go to trip, we take some cash, TCs, credit cards etc.). After executing all the bhogas of this karma (after our money is over, and credit card fails) we have to leave this world for this jnama. However from this jnamas, we will add another set of karmas (through our credit cards etc.) to our Sanchit... But if we stop taking such a credit... we will not add karmas to our sanchit, which means we will enjoy/go through the remaining bhogas next jnama and so on... (Nishkaam Karma)

Gradually or by Krupa of ShriSaad Guru, our sanchit will get exhausted and the whole purpose of going through the cycles will get over...

[2] There is another beautiful analogy also. The granary represents the Sanchita Karma; that portion taken from the granary and put in the shop for future daily sale corresponds to Agami; that which is sold daily represents Prarabdha.
The whole lot of Sanchita Karma is destroyed by attaining Knowledge of Brahman or the Eternal. It can be greatly modified by entertaining lofty, divine thoughts, and doing virtuous actions. Agami Karma can be destroyed by expiatory rites or Prayaschitta; and by removing the idea of agency through Nimitta Bhava (attitude that one is an instrument in the hands of God) and Sakshi Bhava (attitude that one is silent witness of the actions of the senses and of the mind).

References
[1] http://en.wikipedia.org/wiki/Prarabdha_karma
[2] "The Three Kinds Of Karma " - Sri Swami Sivananda - http://www.experiencefestival.com/a/Karma/id/22810