An indexable cutting tool of a lever-lock type applies a clamping force. At a bottom of an insert fixing portion, there is formed a pillar-shaped lever in a state in which one end protrudes from a placement surface of the insert fixing portion. A screw applies a pressing force to the lever between the one end and a portion such that the lever is pressed and inclined with the portion s a fulcrum in the middle of the lever so that the one end applies a clamping force to the cutting insert.