A slitting tool configured for fine-tuning thereof includes basic body, which in turn includes a body portion and a cutting portion extending therefrom. The slitting tool includes a biasing screw which is seated in a biasing bore and is configured to adjust the position of the cutting portion. The biasing screw is configured to engage a biasing surface of the body portion to adjust the cutting portion's position. The biasing surface is oblique relative to the biasing screw for retarding movement of the biasing screw a fine-tuned position.